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News Release 04/30/18

FASB Names New Members to Its Small Business Advisory Committee

Norwalk, CT, April 30, 2018—The Financial Accounting Standards Board (FASB) today announced the appointment of three new members to its Small Business Advisory Committee (SBAC).

The SBAC serves as a standing resource for the FASB. Its role is to provide focused input and feedback from a small public company perspective, considering whether there are differences in that input for small public versus private company perspectives, and assist the FASB and its staff on matters for which the FASB may seek guidance.
The new members of the SBAC are:

“Scott Gray, Dominick Kerr, and Ryan LaFond each brings to the SBAC valuable experience within the small business sector as well as a commitment to improving financial reporting,” stated FASB Chairman Russell G. Golden. “On behalf of the FASB, I am pleased to welcome them to their new roles.”

For more information about the SBAC and its activities, visit www.fasb.org.

About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.